Routine executive retention agreement with no immediate trading signal. Monitor for any future change-in-control events that would trigger the severance provisions.
Price Chart
Executive Summary
Central Plains Bancshares, Inc. (CPBI) entered into a change in control agreement with CFO Bradley M. Kool on July 8, 2026. The agreement provides a severance payment of 3x base salary plus highest annual bonus upon a qualifying termination after a change in control, plus 18 months of COBRA premium reimbursement. This is a routine compensatory arrangement for a key officer with no immediate financial impact.
Key Facts
- Change in control agreement entered into with Bradley M. Kool, Executive Vice President and Chief Financial Officer, effective July 8, 2026.
- Initial term of three years, with automatic annual renewal subject to board performance evaluation and approval each October 24.
- Upon a qualifying termination (involuntary not-for-cause or resignation for good reason) after a change in control, Mr. Kool receives a lump sum equal to 3x (base salary + highest annual cash bonus), plus up to 18 months of COBRA premium reimbursement.
- Good reason includes material reduction in base salary, authority/duties, relocation increasing commute by 35+ miles, or material breach by the Bank.
Financial Impact
No specific dollar amounts disclosed; severance formula is 3x (base salary + highest annual bonus) plus COBRA for 18 months.
Risk Factors
- No material risk identified from this filing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000943374-26-000266 |
| Document: cpbi-20260713.htm | 0000943374-26-000266 |
| Document: 0000943374-26-000266-index-headers.html | 0000943374-26-000266 |
| Document: 0000943374-26-000266-index.html | 0000943374-26-000266 |
| Document: 0000943374-26-000266.txt | 0000943374-26-000266 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 23, 2026 4w ago | 8-K | $20.15 $20.84 | ▲ +3.42% | ▲ +2.74% | $20.62 (+2.33%) |
Sep 10, 2026 6w ago | 8-K | $21.07 $20.00 | ▼ −5.08% | ▼ −7.20% | $20.62 (−2.14%) |
Jul 30, 2026 12w ago | 8-K | $19.91 $20.94 | ▲ +5.14% | ▲ +1.18% | $20.62 (+3.56%) |
Jul 21, 2026 14w ago | DFAN14A | $20.12 $20.96 | ▲ +4.17% | ▲ +1.61% | $20.62 (+2.49%) |
Jul 14, 2026 15w ago | 8-K | $19.50 $20.61 | ▲ +5.71% | ▲ +3.22% | $20.62 (+5.74%) |
Jul 10, 2026 15w ago | PREC14A | $20.00 $20.60 | ▲ +3.00% | ▲ +0.57% | $20.62 (+3.10%) |
Jul 9, 2026 15w ago | 8-K | $19.11 $21.00 | ▲ +9.88% | ▲ +7.64% | $20.62 (+7.89%) |
May 20, 2026 22w ago | DFAN14A | $18.50 $18.69 | ▲ +1.03% | ▲ +0.69% | $20.62 (+11.46%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers